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Technology Stocks : eBay - Superb Internet Business Model
EBAY 87.23+2.4%3:59 PM EST

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To: Doug Fowler who wrote (6508)5/10/2000 11:02:00 PM
From: let  Read Replies (2) of 7772
 
This entire issue was discussed at length on the CNBC interview the day after earnings was announced. She announced that it would be discontinued but would be available on the site. She stated it was no longer necessary or crucial because the number of items was not significant to their earnings and revenues anymore. Their commission per listing is increasing more than any decline in total auctions or even a decline in growth rates. However, I do agree that with new competition here and globally that they do not want the negative CNBC comments on it. The analyst are very aware if this issue though.
I personally believe that the stock price decline is due to overall market conditions and escpecially the fact that internet stocks are sorta out of favor right now. In a rising interest rate environment, valuations seem critical now. For example, ETrade hasn't taken much of a hit the past 2 weeks compared to Ebay...because they have already got it down to a very low p/e. or price to book.
Just IMO.
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